European Stars And Stripes (Newspaper) - March 6, 1986, Darmstadt, Hesse                                Page 4 the stars and stripes thursday March 6,1986 Reagan rules out 87 Moscow talks if plan for Summit in . This year fails Washington a president Reagan said wednesday he will not travel to Moscow for a 1987 Summit meeting if he and soviet Leader Mikhail Gorba Chev cannot work out an acceptable Date for a meeting in the United states later this year. Reagan said soviet and american officials still Are discussing dates for this year s Summit but no agreement has been struck. The United states has pro posed a meeting in june the soviets have countered with september. Reagan said we be explained we can t have it in september because that would fall too close to congressional elections in november. I be got news for them the president was quoted As telling a group of reporters at the White House. If Gorbachev refuses to go along with a . Timetable for this year Reagan said there won t be any 87 Summit in  the associated press was not present at the inter View but several sources who attended provided similar accounts of the president s remarks. On other topics Reagan discussed his Campaign to win congressional approval of $100 million in Aid for rebels trying to overthrow the leftist government of Nicaragua. Asked if he equates opposition to his request with support for the sandinista government Reagan said it s hard not  he said some Church groups that oppose his request Are  on another subject Reagan said he has no plans to see the new president of the Philippines Corazon Aqui no during his trip this Spring to Asia. Reagan also was questioned about the recommendation of a presidential commission on organized crime which proposed a widespread National program to test workers for drug use. He said no decision has been made on such a pro Gram but he sometimes thinks that if people in govern ment would take the Lead it might have a salubrious  virginian pleads guilty to credit card fraud Washington a a suburban Virginia Man has pleaded guilty to fraud in using a stolen visa credit card to obtain More than $140,000 from three automatic Teller machines in one weekend. Each of Michael Anthony Caputo s withdrawals from Bank machines tied to the visa network was approved by the credit card company s 10-year-old computer authorization system which had not anticipated that such a situation would arise a company official told the Washington Post. Caputo 31, used the credit card 400 times on oct. 19 and 20, receiving a total of $140,130, averaging $300 per withdrawal and All in $10 and $20 Bills according to court records and Law enforcement officials. The transactions were authorized not because of the cleverness and smartness of or. Caputo but because of a glitch in the system said the official who was not identified. The authorization system has since been changed to recognize multiple trans actions and Cut them off after a certain number. Caputo smiling broadly was photo graphed by Remote cameras As he made repeated transactions at Bank machines in Washington and Northern Virginia. He was seen making a Cash transaction and then moving to the rear of a line of customers to wait his turn before making another trans action officials said. It was not Clear How Caputo obtained the card which belonged to John d. Schrott or. Of Mclean va., along with the personal identification number needed to make the card work John Magaw special agent in charge of the Washington Field office of the secret service told the Post. Caputo who was arrested on dec. 20, pleaded guilty tuesday to credit card fraud said assistant . Attorney Robert Mcdaniel. Caputo faces a maximum of 10 years in prison and a Fine of $280,260, twice the amount of Money he obtained from the machines. A photo guardian named a judge in Newark n.j., this week declared Singer Connie Francis incompetent and appointed a Legal guardian to manage her affairs while she is hospitalized in a Florida psychiatric Hospital. Francis has been diagnosed As suffering from a manic depressive psychosis. New Home sales in january hit highest level in 2 years new York a sales of new Homes surged 4.4 percent in january to their highest level in two years the government reported wednesday. Meanwhile Oil prices continued their plunge in trading Early wednesday. The Commerce department attributed the increase in sales of new single family Homes largely to falling mortgage inter est rates. Sales reached a seasonally adjusted annual rate of 753,000 units in january the third straight monthly increase and the Best monthly tally since december 1983, the govern ment said. The gain was regarded As further evidence that Sharp de Clines in mortgage rates which average about 10.5 percent nationwide have sparked a Boom in the housing Industry. Home prices also Are falling. The average Price of a Home in january was $103,000, Down 3.7 percent from the Decem Ber average but still 4.8 percent higher than a year ago. The Commerce department also reported wednesday that orders to . Factories Rose 0.4 percent in january to $202.09 billion. It was the third straight monthly increase and Fol Lowed a much larger 2.2 percent december increase. The strength came from orders for durable goods which Rose 1.3 percent on a Strong surge in defense orders. Orders for non durable goods fell 0.5 percent. The economic reports contrasted with the Commerce department s report tuesday that the government s main eco nomic forecasting gauge dipped 0.6 percent in january Al though analysts downplayed the plunge. The Sharp fall in Oil prices which has contributed to optimism Over the future of the Economy continued wednesday. In futures trading on tuesday prices of the chief Grade of . Crude had fallen to an eight year Low and the main British crude reached All time lows of less than $ 12 a barrel. Also on tuesday . Automakers reported that new car sales tumbled by 5 percent in february while sales of imports Rose by 9.9 percent. The Domestic sales decline was attributed by analysts partly to the late month renewal of rebates and Cut rate financing. The Commerce department s report tuesday on the slide in its Index of leading indicators the first drop in nine months was downplayed by analysts who pointed out that most other barometers pointed to stronger growth in the com ing months. During december the Index Rose a Strong 1.5 percent largely because of a huge order for civilian aircraft. The Lack of a similar order in january accounted for 95 percent of the Index s decline that month. This decline is not anything to worry about. The Economy is solid not shaky said Donald Straszheim chief economist for the new York investment firm of Merrill Lynch Pierce Fenner & Smith. In addition economists say the drop in Oil prices should help the Economy by keeping inflation Low and freeing More consumer funds for non Energy spending. The Price for the main Grade of British Oil from the North sea dropped tuesday below $12 a barrel in european trading for the first time in the 10 years it has been produced. On the new York mercantile Exchange West Texas inter mediate crude closed at $11.98 a barrel in contracts for april delivery Down 29 cents from monday s close and far below the november High of $31.70. Army to provide water to schools near Denver Arsenal Denver a the army has announced it will provide bottled water for More than 5,000 students at schools near its Rocky Mountain Arsenal after municipal Wells were found to be contaminated with a dangerous chemical. Sen. Gary Hart d-colo., asked army officials on Friday to provide the bottled water for 11 Adams county schools after the state health department advised Resi dents to drink bottled water or boil their tap water because of trichloroethylene contamination in Wells. Trichloroethylene or the is a common Industrial degrease that can cause liver kidney and nervous system damage and cancer in lab animals. The environmental Protection Agency is investigating the source of the contamination which has not been directly linked to the Arsenal. The facility has been a dumping ground for chemicals since world War ii and a $700 million cleanup pro Gram is under Way. Army officials stressed in a statement tuesday that their program is in no Way an admission of responsibility for the contamination found in Adams county Munici pal  the army also said it had never received Hart s request and that providing the bottled water was an Independent action. It said it will decide later in the week when the water will be sent to the schools and How much it will Cost. Meanwhile the schools in the South Adams county water District have been boiling water used in making lunches and offering extra milk and juice to students. The army and the Epa Are working on an agreement for an interim treatment sys tem for South Adams county. A Deal is expected within a month the army said. The county Northeast of Denver has 245,000 residents but Only those living around the Arsenal were affected by the state health department s recommendation